Sec. 153C

Assessee has purchase flat from developer. During the course of search at the premises of developer one excel sheet was found in which data regarding name of person flat no, agreement value and cash consideration was mentioned. Accountant and developer accepted in the statement recorded that they have collected on money from flat purchasers. Developer went to settlement commission and also submitted about on money as source . Assessing Officer has issued notice u/sec. 153C for 6 years to assessee on this information. Assessee has filed the returns in response to notice U/sec. 153C of the Act and submitted that…

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  Form for filing appeal before ITAT against order passed under section 144C of Income Tax ACt 1961

Please advise the form in appeal can be filed before ITAT against order passed under section 144C of Income Tax Act 1961

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  IDS declaration but taxes not paid

The à declared under IDS but the taxes not paid. Notice U/s 148 issued. The declared amount vin Form 1 is treated as undisclosed income. Kindy guide how to proceed?  Regards

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  Section 115BBE-Income Tax

In respect of Excess Stock and Excess Cash Found  during the course of Survey,Assessing Officer has invoked Section 115BBE.Whereas, Assessee has offered these Amounts  for taxation under theHead-Business Income and paid the the Tax under normal provisions.Whether Assessing officer is right.

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  Status of HUF on Death of Karta having 2 sons as member (Wife of Karta also expired)

What is status of HUF on death of it's Karta. The HUF was having 5 members 1. Karta 2. his Wife 3. Elder son 4. Younger Son 5. Younger Daughter. Wife of Karta is also expired & both sons are married & are karta of their own HUF. Whether elder son can become karta of HUF of his father, even though he is karta of his own HUF.

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  purchase of a property —dues of seller

How can a buyer ascertain whether a seller is having tax dues  ? what is the liability of a buyer who has bought property  from a seller having tax dues ?

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  indexation****** surrender of tenanted property

can a tenant adopt value as on 1-4 -2001 for indexation while surrendering rights ?

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  Section 270A

Can AO invoke provision of section 270A just because tax at higher rate is applied by him u/s 115BBE and no addition to income is made on income declared is offered at normal rate ?

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  Section 115BBE

Does provision of section 115BBE apply to income declared during survey for current year only?

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  status of Indian stranded abroad due to travel restrictions

Mr A  [resident of India ]went to USA on 11/12/19 and due to covid19, returned to INDIA only on 10/8/21. what  is status under ITAX for both asst years ? BS

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